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Home My WebLink About0108 • - ~ - - ' . • _ t its DISCLOSURE. NOTE FOR INSTALLMENT LOANS First National a Bank of Ft. Pierce IAl Amount Reteiv.d s_ 3 , 500.00 BANK NAME 181 Premium for Credit Lire/Disability Ins. s-- 331.28 ,,^.O. 8o~c 970, Fort Pierce, Fla. 33450 ICl Dosajttt~a~sstas-yStamps s 5.85 O frICE AooRE 101 OcMr Charges Gtemi:al i ong - IEl s none NOTE NO. DATED: MarCll 17 . , 19$~. IF) _ [IOIIe lGl A e c o~ F1 s 3 837.13 DUE: , 19.. INl Interest s , • PACE: Ft Pie .e _ , FLORIDA 111 Loan Fee t 20 _ 0 - cal - other s none For value received, ih~ undersgned (AMeinaf ter called "MskM") jointly and severally (il IK1 s none more than one) promise to pay to the gtdNsf ~ dank, at iri office listed above, th~TQtal IL) = hOnA of Paymenri (from IN1 at rightl of # Y 6 a 31" • V a OOllars paYsbN in 44 equal monthly installmenri of S 75.12 s;f= fi:;t IMI FINANCE CHARGE 2 >1~2 ~'S fH, I, J, K, l1 S • • installment dw on . 19_, and subsputnc insezllments dw on IN) Toraf of Payments fG + M) s s . afJ~SS.a.StS~ the day of each month t'hergfter, togethN with a FINAL BALLOON PAYMENT OF: ANNUAL PERCENTAGE RATE 15 _ Sl x, s none DuE none ,,s The Bank shell impose a delingwncy charge spairot tM Maker on any PaYnrent which has become dw and remains in default for a period in exnss o/ 10 'days in an amount equal to 5% of the payment in default. In the event that tM Note is not paid in full at maturity, all paymenu, whether ptincipN, interest w otherwise, shall bear interest at tM maximum legal rate allowed under the Isw. All psymenri made hereunder shall be credited first to interest and than to principal, however, in tM event of default, tM Bank tray, in its sole discretion, apply anY payment to interest, principal andlor lawful dsargas tMn sarued. it is the intention of tM parties hereto that tM provisions herein shall not provide directly or indirectly for the payment of • greater rate of interest or tM retention of any other charge than is allowed by law. Ii, for anY reason, interest in excess of such legal rate or a charge prohibited by law shall at any time be paid, any such excess shall either constitute and be treated es a payment on the principal or be refunded directly to the Maker. TM Mska+ may prepay the an- tire unpaid balance of tIN loan at any tirtM. If the loan is prepaid in full, accelewted or refinanud, the Maker shall receive a refund of the unwned portion of - ths interest and itWSrsnCf prerrsiums computed by the Rule of 78's method, except that flee Bank shall be entitled to stain a minimum interest drarge of 515.00. CREDIT LIFE ANO CREDIT LIFE 8 DISABILITY INSURANCE ARE VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such itatsrance toveragt is . available at tM oat designated below for the term of the uedit: lal S 331.28 for Credit Life Insurance lb1 S for Credit Lite 8t Disability Insurance: ChaEaMt~TGredit Lire Irartrsnee is desired on the life of Arthur C. Smith Birtlydate 9/6/11 Appf. ? Credit Life ~ Oissbility Inwrana a desired on Birthdate Box ? Credit Life andla Disability Irrstsrana ie n si d. Date: March 17. 1980 Signature !e' ~ Signature AFTER ACOUIREDfsItOrERTYN11ll {ESU{IECTTOTHESECURITY INTERESTANO OTHER OR FUTURE INDE{TEONESS ISSECUREO {Y ANYSUCH FRO?ERTY, AS FOLLOWS: Maker hereby grsnri to Bank a security interest in tht property, if any, described in the spate below and in all other property of Maker now or hereafter in Bank's possession, and such security interest shall also secure all other IisDdities fit Maker to Bank, whether primary, secorsdary, direct or contingent, present or future. The aforesaid security interest excludes the Makers primary residence unless said primary residence is dtscritxd below. Second Mortgage; Condominium Parcel Known as Apart. 516D of Phase I of High Point Of Ft~. Pierce Condo. Secrion II according to Declaration of Condo's thereof, recorded in Offical Records Book 304 at Pages 1396 thru 1508 of Public Records of St. Lucie County Florida If the Bank repuvas the Maker to obtain insurance coverage against loss or darrwge to the collateral securing the Makers indebtedness to the Bank, the Maker ! may obtain such towrsge from any agent, broker or inwror acceptable to the Bank. It is jointly and severally covenanted and agreed with the Bank by each Maker, endorser, surety, guarantor, and other party to this note (all of whom are li hereinafter for brevity celled Obligor or Obligors) thee: I Bank slsall exercise rgsonable wre in the custody and preservation of the Collateral and shall be deemed to Aave exercised reasonable care ii it takes suds k attiOn for that purpose of Maker shall rNfOnibly request in writing. but iKi Ci~~ssivn to GvrTiyly iii ~y rsz~u="st £Sfn~sa.~'.'ns~satl isf i"-~rs '*i'~tf ~ 4~if~~ tw E exercise reasonable care. Without timitirrg the generality of the foregoing, the Bank shall have no responsibility for asce?taining any maturities, calb, conver- Sion, exchanges, offers, tenders or similar matdrs rebtirrg to any of the Collateral, nor for informing the ttrrdcrsigned with respect to any thereof. Bank shall not be bound to take any steps necessary to preserve any rights in the Collateral against prior parties, and Maker shall take all necessary steps for sutir purposes. Bank or its nominee need not collect interest on Or principal of any Collateral or give any notice with respect to it. Right is hereby expressly granted to the Bank at its option to transfer at arrtr time to itself or to iri nominee any Collateral and to receive the income thereon and hokf sarrre es severity henfor, a apply it on the principal or interest dw hereon or dw on anY liability secured hereby. Upon the happenieg of any of the following evenri, evelr of which shall constitute a default hereunder, a if the Bank deems itself insecure, tM entire unpid balance of this note and all other liabilities of each Maker to Bank shall thereupon or thereafter, at the option of Bank, without noon ar demerrd, become imme- diatNy dw and payable: lal failure of airy Obligor to perform any agreement hereunder or to pay in full, when clue, any liability whatsoever to Bsnk or any in- stalment thereof or interest tMnon; lbl the death of any Obligor; Icl the filing of any petition under the Bankruptcy Act, or any similar federal or state statute, by or egeirrst any Obligor; Idl an application for tM appointment of a receiver for, tM making of s general assignment for the benefit of auditors by, or the insolvency of any Obligor; lel the entry of a judgment against any Obligor; Ifl the issuing of any sttacltrrrenri or garnishment, or tM filing of any lien, against any property of anY Obligor; Igl the taking of possession of any substantial pare of the property of any Obligor at the instance of any governmental authority; If,) the dissolution, merger, consolidation, w reorganizaYwn of any Obligor; lil the determirrecion by Bank that a material •dwrse change has occurred in the financial condition of any Obligor from tM conditions sat forth in the most recent financial statement of such Obligor heretofore fum'nhed to Bank, or from the condition of such Obligor ss heretofore most recently disclosed to Bank in any manner; a that any vva?ranty, representation, certificate, a statement of any - Obligor (whether contained in this note or not) pertaining to or in connection with this note or the loan evidenced by this note is not true; Gl the assigrxnent by any Maker of any puny in any of the Collateral without the written consent of Bank; Ik1 failure to do all things necessary to preserve and maintain the valve and collectibility of the Collateral, including, but not limited to, the payment of taxes and premiums on policies of inwrsntx on the due date without benefit of the gran period. Unless the Collateral is perishable or threatens to decline speedily in valor or is of a type customarily sold on a recognized market, Bank will give Maker res~ sonsble notice o/ the time and plan of any public sale thereof or of tla time after which a private sate will be held. The rpuirement of reasonable notice shall be met if such notice is mailed, postage prepaid, to any Maker at the address given below or at any other address shown on the records of the Bank, at least ten days before the time of the sale. Upon disposition of any Collateral after the occurrence of any default hereunder, Obligors shall be and rarrsaar liable for anY deficiency; and Bank shall account to Maker for any surplus, but Bank shall have the right to apply all or any part of such surplus for to hold the same es a reserve) against any and all other liabilities of each or any Maker to Bank. - - Bank shall have, but shall not be limited to, the following rights, each of which may be exercised at srry time whether or not this note is due: lal to pledge or transfer this note and the Collateral, whereupon Bank shall be relieved of all duties and responsibilities hereunder and relieved from any and all liability with respect to any'Cdlateral so pledged or transferred, and any pledgee or transferee shall for all purposes stand in the plan of Bank hereunder and have all the rights to Bank hereunder: lb! co transfer the whole or any part of the Collateral into the name of itself or iri nominee; (c) to notify the Obligors or? any Collat- eral to make payment to Bank of any amounts due or to become due thereon; ld) to demand, sue tor, collect, or make any compromise or SettNrrrent it deems desirable with reterenn to the Collateral; and le) to take possession or control of arsy proceeds of Collateral. " No delay or omission on the part of Sank in exercising any rght hereunder shall operate es a waiver of such right or of any other right under this note. No waiver or alteration shall be binding on Bank unless in a writing agreed by an authorized Bank officer, and thM only to the extent speeifiglly set forth therein. Presentment, demand, protest And notice of dishonor, are hereby waived by each and every Obligor. The taking of a renewal note without the signature of any maker or endorser liable on this note shall not be deemed a payment or discharge of this obligation and tM liability seated hereunder shall continue until this note is paid in full. The Obligors, jointly and severally, promise and agree to pay all costs of colteetion, including attorneys' fees pual to 10% of the amount financed, or such larger amounts as may be reasonable and just if collected by legal proceedings or through an attorney at law, including appNlate proceedings. The unden+gn knowledge reon'p/~ leted copy of this note on this data. ~ C/.~ Address 417 Poplar Ave. , Pt. St. Lucie, Fa. 33452 IsEAu Arthur c . Smi th Address (SEAL) BgOK~ PAGE 1~ ii.=- s f 1 moo. ,